Skip to main content Skip to office menu Skip to footer
Capital IconMinnesota Legislature

Capital Investment

ELEVENTH MEETING

2025-2026 Regular Session - Tuesday, March 18, 2025

STATE OF MINNESOTA ELEVENTH MEETING
HOUSE OF REPRESENTATIVES NINETY-FOURTH SESSION



CAPITAL INVESTMENT MINUTES

Representative Fue Lee, Chair of the Committee on Capital Investment, called the meeting to order at 10:15 AM on March 18, 2025, in Room G23 of the Capitol Building.

The Committee Legislative Assistant noted the roll.

Members present:
LEE, Fue, DFL Chair
FRANSON, Mary, GOP Chair
FREDERICK, Luke, DFL Vice-Chair
FOGELMAN, Marj, GOP Vice-Chair
ALLEN, Keith
CARROLL, Ned
HANSEN, Rick
KOZNICK, Jon
LILLIE, Leon
MYERS, Andrew
PÉREZ-VEGA, María Isa
REYER, Liz
RYMER, Max
SEXTON, Thomas
SKRABA, Roger
XIONG, Jay

A quorum was present.

Chair Franson moved that the minutes of March 13, 2025, be adopted. THE MOTION PREVAILED.

Presentation from the National Conference of State Legislatures (NCSL) and Minnesota Department of Management and Budget (MMB).

Presenting:
• Brian Wanko, Senior Legislative Director, National Conference of State Legislatures
• Jen Hassemer, Assistant Commissioner, Minnesota Department of Management and Budget
• Leah Corey, Federal Funding Implementation Director, Minnesota Department of Management and Budget

Presentation from PFM Financial Advisors LLC, Minnesota Department of Management and Budget (MMB), Minnesota Housing Finance Agency (MHFA), and the Minnesota Public Facilities Authority (PFA).

Presenting:
• Jessica Cameron Mitchell, Managing Director, PFM Financial Advisors LLC
• Jen Hassemer, Assistant Commissioner, Minnesota Department of Management and Budget
• Jennifer Ho, Commissioner, Minnesota Housing Finance Agency
• Steve Walter, Executive Director, Minnesota Public Facilities Authority

Presentation from Minnesota Department of Management and Budget (MMB) and Minnesota House Research Department

Presenting:
• Jen Hassemer, Assistant Commissioner, Minnesota Department of Management and Budget
• Andrew Lee, Fiscal Analyst, Minnesota House Research Department

The meeting was adjourned at 12:01 PM.







__________________________________________
Representative Fue Lee, DFL Chair


__________________________________________
Tenzin Tsangyang, Committee Legislative Assistant

More Info On This Meeting..
House TV Video:
View Archive

02:07 - Update on federal infrastructure funds (IIJA/IRA/CHIPs).
51:20 - Impact of potential elimination of tax-exempt status for municipal bonds.
1:20:16 - March 6, 2025, Debt Capacity Forecast.
Runs 1 hour, 46 minutes.


Presentations:
• Update on Federal Infrastructure Funds (IIJA/IRA/CHIPs)
• Impact of Potential Elimination of Tax-Exempt Status for Municipal Bonds
• March 6, 2025, Debt Capacity Forecast